Positive global cues helped Indian market to attract good buying, Indices closed with moderate gains. Realty and Auto attracted major buying. Sensex closed at 17988, up 149 points and Nifty at 5413, up 48 points from the previous close. CNX Midcap index was up 0.8% and BSE Smallcap index was up 0.5%. S&P CNX Defty closed at 4171. 

The market breadth was positive with advances at 807 against declines of 488 on the NSE. Top gainers are listed as Maruti, Dlf, Bhartiartl, Jpassociate, Cipla and Ambujacem while Top losers included ICICI Bank, TCS, JSPL, HDFC Bank, Suzlon and Powergrid. FIIs were net buyers with the tune of Rs236.29 cr (prov. cash market fig).

Market Outlook

Nifty is expected to trade in the range 5350-5463. If sustained below the given range it may test 5323 and 5308 level. However, 5510 and 5531 may be considered as another resistance level. Bank Nifty is again expected to trade in the range 10660-10860. Still, 10550 may act as a crucial support level. 10990 might be another resistance level. Pharma and Realty are expected to show strength while selected heavy weights from IT and Banking may face selling pressure.

Expected Bullish Stocks

STFC

M&M

EDUCOMP

OPTOCIRCUI

TATACOMM

HDFC

MPHASIS

BHARTIARTL

IBREALEST

DLF

RENUKA

INDIANB

LUPIN

BAJAJHIND

MRPL

PANTALOONR

ZEEL

GSPL

Expected Bearish Stocks

SUNTV

NALCO

IOC

DBREALTY

PETRONET

IOB

UNIONBANK

JSWSTEEL

JSWENERGY

TVSMOTOR

TCS

ABIRLANUVO

COLPAL

MCDOWEL-N

BAJAJ-AUTO

SUZLON

APIL

TATAGLOBAL